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Nuveen updates closed-end fund portfolio management team

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Peter Agrimson has assumed an expanded role as co-portfolio manager for the Nuveen Multi-Market Income Fund (NYSE: JMM), effective 18 March, 2016. 

Agrimson joins existing portfolio managers Jason O’Brien, Chris Neuharth and John Fruit. As a member of Nuveen Asset Management’s Securitized Debt team, Agrimson has been responsible for trading mortgage-backed securities, asset-backed securities and commercial mortgage-backed securities in JMM.

The objective of the fund is to provide high monthly income consistent with prudent risk to capital with exposure across multiple fixed income markets. The fund invests primarily in debt securities, including, but not limited to, US agency and privately issued mortgage-backed securities, corporate debt securities, and asset-backed securities. At least 65 per cent of the fund’s total assets must be invested in securities that, at the time of purchase, are rated investment-grade or of comparable quality.

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